Saudi Arabia initiates first bond sale in 2025: Report

06/01/2025 Argaam
The Kingdom of Saudi Arabia's flag

The Kingdom of Saudi Arabia's flag

Saudi Arabia began today, Jan. 6, the first bond sale in 2025, Bloomberg reported, citing sources.

 

The dollar-denominated bonds are issued in three tranches with maturities of three, six, and 10 years.

 

The final pricing and volume for each of the three bond tranches are expected to be determined by the end of the trading day. Citigroup, Goldman Sachs, and JP Morgan Chase are leading the bond sale.

 

According to data available on Argaam, Minister of Finance Mohammed Al-Jadaan approved the annual borrowing plan for the fiscal year 2025, after it was okayed by the National Debt Management Center (NDMC).

 

According to the plan, the expected financing needs for 2025 are estimated at approximately SAR 139 billion, to cover the anticipated budget deficit of SAR 101 billion.

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